Mi-Pay

OverviewSuggest Edit

Mi-Pay delivers outsourced payment solutions to digital e-commerce clients, primarily in the mobile sector. Its clientele is comprised of mobile operators, virtual operators, prepaid card providers, financial institutions, and media companies. The Company also provides a portfolio of client branded, mobile payment services for mobile operators, financial service providers, utility companies, and media owners from their offices in the U.K., Romania, U.A.E., and India. Its infrastructure allows end customers to top-up using multiple payment methods such as credit or debit card, PaypalTM, bank transfer, and direct debit across all channels.

TypePublic
Founded2003
HQLondon, GBMap
Websitemi-pay.com

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Latest Updates

Employees (est.) (Feb 2020)44(+1000%)
Revenue (FY, 2018)£3.3 M(+10%)
Share Price (Oct 2017)£0.1
Cybersecurity ratingAMore

Key People/Management at Mi-Pay

Chris Baars

Chris Baars

Chief Commercial Officer
Shane McCarthy

Shane McCarthy

Account Director
Chris Curd

Chris Curd

Vice President of Sales
John Beale

John Beale

Chief Financial Officer
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Mi-Pay Office Locations

Mi-Pay has offices in London, Rotterdam, Sibiu and Dubai
London, GB (HQ)
30 Crown Pl, Hackney
Rotterdam, NL
Scheepmakerspassage 183
Sibiu, RO
Strada Oituz 25C
Dubai, AE
603 Alfa Building
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Mi-Pay Financials and Metrics

Mi-Pay Revenue

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Mi-Pay's revenue was reported to be £3.34 m in FY, 2018
GBP

Revenue (FY, 2018)

3.3m

Gross profit (FY, 2018)

2.1m

Gross profit margin (FY, 2018), %

62.3%

Net income (FY, 2018)

(235.3k)

EBITDA (FY, 2018)

(2.1m)

EBIT (FY, 2018)

(2.2m)

Market capitalization (31-Oct-2017)

5.2m

Closing stock price (31-Oct-2017)

0.1

Cash (31-Dec-2018)

3.5m
Mi-Pay's current market capitalization is £5.2 m.
GBPFY, 2006FY, 2007FY, 2008FY, 2009FY, 2010FY, 2011FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Revenue

28.0m27.0m28.0m24.0m26.3m26.6m3.3m2.7m3.0m3.3m3.1m3.3m

Revenue growth, %

(17%)12%

Cost of goods sold

20.3m20.0m21.4m17.6m20.2m20.5m1.5m1.5m1.3m1.2m1.1m1.3m

Gross profit

7.7m7.0m6.6m6.4m6.2m6.1m1.8m1.2m1.7m2.1m2.0m2.1m
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GBPFY, 2006FY, 2007FY, 2008FY, 2009FY, 2010FY, 2011FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Cash

191.0k658.0k784.0k488.0k294.0k542.0k956.4k2.0m3.5m3.5m2.9m3.5m

Accounts Receivable

3.8m4.1m2.7m2.7m3.1m3.5m214.3k167.7k80.1k88.8k126.6k

Inventories

2.0k11.0k17.0k10.0k16.0k7.0k

Current Assets

4.4m4.9m3.6m3.7m4.0m4.7m2.4m3.1m4.5m4.6m4.3m4.9m
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GBPFY, 2006FY, 2007FY, 2008FY, 2009FY, 2010FY, 2011FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Net Income

553.0k648.0k(261.0k)419.0k86.0k(180.0k)(1.8m)(4.3m)(1.4m)(439.2k)(621.6k)(235.3k)

Cash From Operating Activities

3.7m2.5m2.3m1.8m1.3m1.1m(579.8k)(3.1m)21.9k105.3k(488.4k)416.1k

Dividends Paid

468.0k572.0k385.0k104.0k104.0k

Cash From Financing Activities

17.2m(1.4m)(1.8m)(1.7m)(1.1m)(362.0k)1.2m832.6k1.6m(66.0k)(65.9k)180.8k
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GBPFY, 2006

Debt/Equity

0.1 x

Debt/Assets

0.1 x

Financial Leverage

1.6 x
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Mi-Pay Cybersecurity Score

Cybersecurity ratingPremium dataset

A

93/100

Learn more about our premium products
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Mi-Pay Online and Social Media Presence

Mi-Pay's Trends

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Mi-Pay Blogs

February 24, 2021

Syniverse & Mi-Pay revolutionize financial communication

LUXEMBOURG, Feb. 24, 2021 – Syniverse, the world’s most connected company, today announced it has signed a new European collaboration agreement with Mi-Pay to empower their solutions with Syniverse global omnichannel communication solutions and to promote its Syniverse CPaaS Concierge to businesses …
February 18, 2021

Post-COVID, low earners present challenge for utility sector

When customers are hurting financially, utility bills are often among the first to go unpaid. Though signs point to a quick economic recovery, for many customers who were already at risk of problematic debts before the pandemic, the post-pandemic world will be a harsh reality. Things are already get…
February 11, 2021

What’s love got to do with it?

According to research in the UK, 40% of respondents consider financial responsibility a far more attractive quality in a potential partner than physical appearance.   With Valentine’s Day around the corner, we wanted to pop the question: is there anything businesses can do to help their customers le…
January 28, 2021

Ortel Mobile Germany expands digital top-up options

ROTTERDAM, 28 January 2021 – Mi-Pay, Europe’s leading provider of profit boosting solutions, is collaborating with Ortel Mobile Germany, so customers can now top up their mobile credit in a wide variety of ways, including via WhatsApp.  In Germany, 25% of mobile phone users use prepaid phone plans. …
January 21, 2021

Contactless payments as a bridge to e-commerce

The mass adoption of contactless payments in 2020 should be seen within a greater context. This move from cash to cards, is the final catalyst for the acceptance of e-commerce as the new normal. Are you ready for it? When back in April 2019 an article was published on the Mi-Pay website entitled ‘Ca…
January 14, 2021

Why a Dutch water supplier trusts Mi-Pay Reminders

Disclaimer: for confidentiality purposes, we cannot reveal sensitive data nor the identity of our partner. However, we’d be happy to arrange a call in which you can inquire further regarding the details. We respect the privacy of our partners, as we would yours.   Is it possible to get paid faster, …
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 Mi-Pay Frequently Asked Questions

  • When was Mi-Pay founded?

    Mi-Pay was founded in 2003.

  • Who are Mi-Pay key executives?

    Mi-Pay's key executives are Chris Baars, Shane McCarthy and Chris Curd.

  • How many employees does Mi-Pay have?

    Mi-Pay has 44 employees.

  • What is Mi-Pay revenue?

    Latest Mi-Pay annual revenue is £3.3 m.

  • What is Mi-Pay revenue per employee?

    Latest Mi-Pay revenue per employee is £75.8 k.

  • Who are Mi-Pay competitors?

    Competitors of Mi-Pay include Arroweye Solutions, Paysign and Usio.

  • Where is Mi-Pay headquarters?

    Mi-Pay headquarters is located at 30 Crown Pl, Hackney, London.

  • Where are Mi-Pay offices?

    Mi-Pay has offices in London, Rotterdam, Sibiu and Dubai.

  • How many offices does Mi-Pay have?

    Mi-Pay has 4 offices.